Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0510%/8h= +55.8% APRpaid last 24h +0.042%

Price spread now: edgeX against Bitget+0.012%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs+$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.752%+$75 on $10k

Price spread, last 7 days+0.015%+$1 · spread now +0.012%, 7d avg −0.037%

Together, before fees+0.767%+ Points / potential airdropedgeX: Active · farm board+$77 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and edgeX is 0.049% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPCXUSDT	153.03	0.0311	pay 0.0311% / 8h	51m 33s	$31.2M	$67.1M	75x
Short	edgeX SPCXUSDC	153.05	0.0821	get 0.0411% / 4h	51m 33s	$1.7M	$892K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee edgeXbpOrdersPrice spread, now +0.012%Rate

Funding earned: $107.1
Price spread: +0.012% → −0.037%: $4.86
Slippage, 4 orders: −$5.19
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $85.78
Costs to cover: 0.262%
Break-even: 1.4 days

Slippage from Bitget: live order book, 2 min ago; edgeX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 2 min ago	0.33 bp	6.9 bp −$7	8.6 bp −$86	20.6 bp −$2,062	26.6 bp −$13.3K
Sell edgeX live order book, 2 min ago	1.63 bp	6.1 bp −$6	7.1 bp −$71	21.5 bp −$2,149	doesn't fit

SPCX on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX SPCX/USD [ETH-USDC]	L −0.0272% / S +0.0488%	1h	153.03	+0.003%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.99	−0.026%	$96.7M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.732%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.059%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.23	+0.131%	$8K	$973K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.03	0.000%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	153.01	−0.014%	$8K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.96	−0.046%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.95	−0.052%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.758%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.94	−0.059%	$106K	$296K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.02	−0.007%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.00	−0.020%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.04	+0.007%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.03	0.000%	$539K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.91	−0.078%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.99	−0.026%	$1.2M	$7.6M	10x	as long as short
Bullet SPCX-USD	+0.0074%	1h	153.04	+0.005%	$11K	$188K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0083%	8h	153.00	−0.022%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0086%	8h	153.06	+0.020%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.92	−0.072%	$173K	$136K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.87	−0.105%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.013%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.04	+0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	+0.011%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0145%	8h	153.00	−0.020%	$30.8M	$42.7M	100x	as long as short
Variational Omni SPCX	+0.0188%	8h	152.99	−0.023%	$6.0M	$3.9M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0196%	8h	153.00	−0.020%	$39.0M	$169.5M	75x	as long as short
Binance SPCXUSDT	+0.0206%	8h	153.01	−0.013%	$254.0M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.98	−0.033%	$734K	$3.6M	10x	as long as short
Nado SPCX-PERP	+0.0247%	1h	152.94	−0.056%	$603K	$883K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	153.00	−0.020%	$446K	$269K	15x	as long as short
Aster SPCXUSD1	+0.0280%	8h	153.11	+0.051%	$19.0M	$21.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	−0.039%	$733K	$970K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0282%	1h	153.01	−0.013%	$143.7M	$118.3M	20x	as long as short
Bitget SPCXUSDTlong	+0.0311%	8h	153.03	long leg	$31.2M	$67.1M	75x
RISEx SPCX/USDC	+0.0339%	1h	153.07	+0.026%	$403K	$538K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0404%	1h	153.03	0.000%	$71K	$1.0M	10x	as long as short
edgeX SPCXUSDCshort	+0.0821%	4h	153.05	+0.012%	$1.7M	$892K	20x